House Buying Subsidy
There are a number of reasons why Christy Clark’s (Liberal Premier of BC) no-interest loans to buy houses are not a good idea:
~ Roedy (1948-02-04 age:69)
- Where does the money to issue the loan subsidies come from? From the taxpayer generally. The lowest income people subsidise the fat cats who can afford houses.
- There are not enough houses to go around. So that boon from Ms. Clark will be used to bid up house prices. Who benefits? The wealthy house sellers.
- If Ms. Clark were not trying to buy votes from the wealthy, she would use that money to subsidise more house construction, primarily for people of lower economic levels.
- Taxing people then giving it right back to them is the most blatant form of vote buying.